The Greedy Trader Weekly Analysis
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Archive
- 1/11/2019
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iShares MSCI Canada Index
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Summary:
Weekly :Broken trend support lineBroken trend support lineStochastic signal line moved above oversold area
Daily :Williams' Percentage Range is overboughtLane's Stochastic is strongly overboughtPrice has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a third positive week after 3 consecutive negative weeks for the iShares MSCI Canada Index (EWC). During the week, the EWC gained 1.07 points, or 4.34%, and closed at 25.72 on Friday, January 11, 2019. Weekly volume was -10% below average.

Long-term trend: [See EWC long-term trend chart]
A long-term uptrend had started on January 20, 2016 at 18.07 and reached 30.60 on January 5, 2018. EWC gained -12.53 points, or -69.34%, in 102 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (30.02) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See EWC medium-term trend chart]
A medium-term downtrend had started on January 5, 2018 at 30.60 and reached 22.89 on December 26, 2018. EWC lost 7.71 points, or 25.20%, in 50 weeks. The chart has formed a Rising Pennant chart pattern. The downtrend support line (30.23) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.

Weekly Technical Indicators: [See EWC weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since August 31, 2018. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See EWC short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 22.89 and reached 26.00 on January 11, 2019. EWC gained -3.11 points, or -13.59%, in 16 days. The price is now at the 9.00% retracement level.

Daily Technical Indicators: [See EWC daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Williams' Percentage Range help.

The daily MACD line is above its signal line since January 2, 2019. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands is 101.32% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.99
Williams' Percentage Range (W%R) 13.20
Overbought
Lane's Stochastic (%D-Slow) 96.50
Strong Overbought
Greed/Fear Indicator (GFI) 85.10
Overbought
Moving Average Converg./Diverg. (MACD) -0.37
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 35.10
Williams' Percentage Range (W%R) 59.40
Lane's Stochastic (%D-Slow) 21.60
Greed/Fear Indicator (GFI) 35.68
Moving Average Converg./Diverg. (MACD) -0.71
Trading Signals
Description Value Chart
Quarterly Trendline Support 30.23
Yearly Trendline Support 30.02
Quarterly Trendline Resistance 28.76
Yearly Trendline Resistance 27.91
Upper Bollinger Band 26.57
Daily Stochastic Crossing 25.91
Price 25.72
50 Day Moving Average 25.68
Parabolic System 24.60
20 Day Moving Average 24.52
Weekly Stochastic Crossing 23.97
Lower Bollinger Band 23.34
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.89
Low Date 12/26/2018
High 26.00
High Date 01/11/2019
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.54
High Date 08/28/2018
Low 22.89
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 29.61
High Date 05/22/2018
Low 22.89
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Rising Pennant
Status Broken Support
Resistance 28.76
Support 30.23
High 30.60
High Date 01/05/2018
Low 22.89
Low Date 12/26/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 27.91
Support 30.02
Low 18.07
Low Date 01/20/2016
High 30.60
High Date 01/05/2018
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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